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garment-textile industry
Update news garment-textile industry
Vietnam's textile industry faces headwinds in 2023 after poor results in Q4
After being heavily impacted by the COVID-19 pandemic, textile and garment enterprises have gradually recovered and were one of the key export industries that recorded extraordinary growth rates in the first months of 2022.
Exporters foresee tough challenges in 2023
Although the last months of the year had seen a substantial drop in export orders, the textile and garment industry, as well as the seafood industry, still ended the year with positive results.
Garment exports expected at more than $45 billion in 2023: association
The Vietnam Textile and Apparel Association (VITAS) forecast garment exports to reach more than USS$45 billion in 2023, higher than this year value of $44 billion, driven by the opportunities provided by new-generation free trade agreements.
Garment, textile, footwear industries face declining in orders
Enterprises in the textile, garment and footwear industries are facing a decrease in orders through the rest of this year and possibly into the next year.
